DSIJ Mindshare

The zone of 11,108-11,130 will be a crucial zone of the Nifty in the near term as it is the confluence of May month's swing low and the 200-DMA. On the upside, immediate resistance is placed around the 11,360 level. Stocks in news: Mahindra and Mahindra, PNB, Tata Motors, Speciality Restaurants, Tata Steel, Avenue Supermarts, Infosys, TRF.

At the time of writing, the SGX Nifty is trading down by 23 points at the 11,278 level.

The shares of Bajaj Finance plummeted 6 per cent in Thursday’s trading session as provisions in Q1FY20 surged 69 per cent to Rs. 551 crore from Rs. 327 crore in Q1FY19.

The stocks to look out on July 26 include Newgen Software, Reliance Capital, Techno Electric & Engineering, GOCL Corporation and Ambuja Cement.

Fitch Ratings downgraded the credit ratings of Tata Motors to BB- from BB, while also lowering its outlook to negative. Following this, the stock experience negative sentiments on Thursday.